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Construction of a 140,000 sq ft headquarters building at the new £120 million (c.€134 million) Worcester Six Business Park will begin soon after planners gave the development the green light, it was announced today. Developer Stoford Developments gained planning consent from Wychavon District Council to build the unit after s...
CA Immo signed and closed a sales and purchase agreement to acquire the centrally located Warsaw Spire Building B landmark Class-A office building comprising of 21,600 sqm GLA in Warsaw. The transaction volume of the fully rented asset amounts to around €100 m, the annual gross rental income reaches around €6 m. With this tra...
BNP Paribas REIM has acquired Nissan's central office for a private investor. Located near Paris, at Montigny-Le-Bretonneux, the building was delivered early 2017 with a lettable area of approx. 14,000 sqm; it can accommodate 850 employees and provides 500 car parking spaces and a company restaurant of 300 seats. The campus, ...
DekaBank has acted as Sole Arranger and Underwriter on a £152m (c.€171m) five-year term loan secured on 1 & 2 Pancras Square, King's Cross, London NC1. The loan is being made available to a subsidiary of the King's Cross Central Limited Partnership (KCCLP), a Joint Venture between AustralianSuper and the British Telecom Pensi...
Office space take-up in Belfast increased significantly in Q3, according to new data released by Savills Northern Ireland. 19 transactions, totalling 91,557 sq. ft. completed in the quarter – more than double the number in Q1 and Q2 combined (14) taking the total take-up for the year to date to 257,029 sq. ft. An overwhelming...
According to JLL research, in the period from July 2016 to June 2017, 134,500 sq m of new office space has entered the Russia regional millionniki cities market (excluding Moscow and St. Petersburg), down 65% YoY. The total office stock of regional millionniki cities has reached 3.3 m sq m, corresponding to just 18% of the Mo...
Truphone has signed a new lease agreement in Warsaw. The company will occupy 450 sq m in the Warsaw Financial Centre. Knight Frank acted on behalf of the tenant in the leasing process. Warsaw Financial Centre, located at the corner of the Emilii Plater and Świętokrzyska streets, is one of the landmarks of the Central Business...
Zeiss will invest over €300 million in a new integrated high-tech site. The world’s technology leader in the optics and optoelectronics industries unveiled its plan today in Jena. In line with this plan, Zeiss will bring together its existing sites in Jena by 2023. To do this, Zeiss will acquire partially unused premises from...
Triuva Kapitalverwaltungsgesellschaft has acquired the core office building Green Day in Wroclaw, Poland from a Luxembourg fund advised jointly by GLL Real Estate Partners GmbH (GLL) and Investec Bank PLC. The purchase price is believed to be in the region of €48.5m.
SABIC UK Petrochemicals Limited has taken a new 15 year lease on its 29,000 sq ft of office space at the Wilton Centre, Teesside’s premier science and business park. The company has committed to the new office lease on the back of completing a multi-million pound upgrade to its Olefins 6 plant, commonly known as The Cracker, ...
BNP Paribas REIM has acquired the Allure building in Paris Clichy-Levallois from CarVal Investors. The property has been acquired for the fund NEIF II managed by BNP Paribas REIM Luxembourg structured via an OPCI managed by BNP Paribas REIM France.
London's life sciences sector has reached a level of momentum that looks unstoppable, according to CBRE's inaugural report, Life Sciences London. The report assesses the growth potential of the sector in London and what this means for the real estate community.
Commerz Real reports that HighLight Towers in Munich, which was acquired at the end of 2016 , is now fully leased. The tenant for the final remaining 1,148 square metres from a total of approx. 71,600 square metres of office space is the state-owned real estate management company Immobilien Freistaat Bayern, a corporation und...
A Standard Life Investments segregated fund has secured McAfee as a new tenant for the Urban Building in Slough. McAfee has signed a 10-year lease for 19,500 sq ft on the sixth and seventh floors of the Urban Building. The business is relocating from its current UK headquarters on Bath Road and will join existing tenants such...
Focus office complex, located at 26 Ludowej Avenue in Warsaw has received a BREEAM In-Use International certificate with an “Excellent” rating in Building Management and a “Very Good” rating in Asset Performance. The audit, commissioned by Cushman & Wakefield was conducted by Sweco Consulting Sp. z o.o.
EQT Real Estate I has acquired two multi-let office assets in Frankfurt and Neu-Isenburg. The assets form part of the pan-German portfolio Project Mars, acquired by Eurocastle from DWS in 2007, and represents the fund's fifth investment to date and second in Germany. HSH Nordbank is making available € 79 million for the purch...
GxP German Properties has closed the acquisitions of the two office assets in Frankfurt and Hamm with a combined market value of € 29.8 million and a total lettable area of approx. 17,200 square meters . The current total market value of its real estate portfolio stands at approx. € 164 million thereof € 146 million currently...
Kames Capital has appointed property consultancy Sanderson Weatherall as joint letting agent on 2 City Walk in Leeds City Centre. Approximately 21,250 sq ft of grade A office space will be available in the 64,000 sq ft multi-let building in autumn 2018. Sanderson Weatherall will be marketing the space alongside Knight Frank. ...
